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Topic: Is Gavin "The Financial Crisis Is Over" Andresen correct, compromised, or crazy? - page 5. (Read 6516 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
This Gavin-bashing smear campaign is pretty sad.

Agreed. It's still a gob smacking quote.

Judging by the vehemence of some responses here, my tiny effort to draw attention to Gavin's gob smacking quote has apparently touched some raw nerves.   Cheesy

It's remarkable how instead of simply debating the truth/false value of Gavin's "Financial Crisis Is Over" proposition, so many are attacking me for bringing it up, demanding I close the thread, etc.

Of course it's uncomfortable for GavinCoiners who believe the financial crisis is *far* from over to hear their Dear Leader explicitly tie purported feasibility of larger blocks to the supposed current and presumably sustained economic recovery.
legendary
Activity: 4690
Merit: 1276
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Not really, it sounds like he's talking about the economy in the classic sense, nothing to do with BTC.
Im a proposal for a blocksize increase and like his model of 8MB of increase per 2 year schelude, but if this guy thinks the financial crisis is over then he has no idea whatsoever when it comes to actual geopolitics/economics. Let's not forget this guy is an agent* at heart and not a geopolitical analyst.

ftfy

*USG tit sucker.

Your fix may or may not be accurate.  With only a few exceptions, everyone I've known from MIT have been terrific engineers and hold their own as scientists.  IIT same.  Gavin is clearly no where near that league.  It is the case that educational institutions serve as laundering facilities to get funding to individuals in order to achieve certain goals.  Their utility and use in this capacity seems to have exploded recently.

A more blatant error is what I've high-lighted which is simply wrong.  Gavin's proposal in question is exponential.  It ends up with blocks being 1000 times the current size after 10 cycles.  Not 8m*10 or 80MB.  As I've said, people need to be careful here and watch the pea.

legendary
Activity: 961
Merit: 1000
Chian wants to be ther world reserve currency and America has more debt than it could ever pay off.. it couldn't even pay the interest payments if it rose interest rates.

It's just about to being.

I disagree. China doesn't want to be the reserve currency but it does want to be part of the big club. The US has the 'advantage' of being the reserve currency and therefore the strongest of a shaky bunch. There will probably be a monetary reset again soon enough, ala Bretton Woods, lets see if it is forced by a panic or pre empts one.
legendary
Activity: 1610
Merit: 1183
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Not really, it sounds like he's talking about the economy in the classic sense, nothing to do with BTC.
Im a proposal for a blocksize increase and like his model of 8MB of increase per 2 year schelude, but if this guy thinks the financial crisis is over then he has no idea whatsoever when it comes to actual geopolitics/economics. Let's not forget this guy is a geek/nerd at heart and not a geopolitical analyst.
legendary
Activity: 1722
Merit: 1000
Oh, so the lead developer of a software project is not necessarily the most competent person alive when it comes to matters of international economics? Who da thunk it?

Come on, are you f***in serious?
He's a software developer, not an economist.
Now close this thread.

This!
legendary
Activity: 1260
Merit: 1002
The financial crisis is overTM



what then?
Hillary Clinton is USA's best choice?
Freedom Act is all about freedom?



legendary
Activity: 1764
Merit: 1002
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Hardly. Read the quote. He's saying big companies will start making investments into infrastructure which will lead to the improved broadband speeds for the consumer. I doubt that has anything to do with Bitcoin's price.

That said, what's the relevance here, icebreaker?

Predicating larger blocks on a putative economic recovery (and subsequent retail broadband explosion) may not be the safest or wisest strategy.

Of all things to base Bitcoin's [future?] magic numbers on, Krugmanesque happy talk about the miracles of Keynesian statism is one of the most bizzarre.

How is retail broadband coming along in Greece?  Ukraine?  Venezuela?  Argentina?  Larger blocks make Bitcoin nodes harder to operate in some of the places where it is needed the most, and where (for purposes of diversity/diffusion/resiliency/defensibility) Bitcoin most needs its nodes to be.

On a side note, now that we know they operate on entirely contradictory premises/assumptions, it's amusing to watch cypherdoc (who nearly everyday proclaims the financial crisis is *not* over) strenuously cheerlead for [email protected] on 20MB blocks, XTortion forks, or whatever the latest crackpot of scheme of [email protected] is.   Smiley

what's lunacy, and thug-like, is you putting up a poll with all negative choices towards Gavin.  desperation much?

furthermore, you and all the other 1MB'ers are wrong on focusing on the full node as "the" decentralization metric.  spreading Bitcoin usage into just those areas you mention above, Greece, Ukraine, etc, is precisely what Bitcoin needs to decentralize.  i much more trust those ppl to ignore any local gvt decrees to shut down Bitcoin than panzies like you who spout alot of iCEBlow but who would roll over in an instant if Mommy gvt said "boo".
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
The financial crisis is over because FED printed 4 trillion dollars, now these dollars are all in the commercial banks' account and can be used to drive any kind of projects. As long as people believe in USD's value, those added trillion dollars are added wealth since they can drive the production of wealth

But if average house hold believe that dollar's value should drop to 1/5 because of FED printed 5x money, then the money printing will not work any more. Unfortunately, it might take many decades before people have that kind of understanding of fiat currency, maybe never
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Oh, so the lead developer of a software project is not necessarily the most competent person alive when it comes to matters of international economics? Who da thunk it?

Come on, are you f***in serious?
He's a software developer, not an economist.
Now close this thread.
legendary
Activity: 1722
Merit: 1000
Chian wants to be ther world reserve currency and America has more debt than it could ever pay off.. it couldn't even pay the interest payments if it rose interest rates.

It's just about to being.
hero member
Activity: 722
Merit: 500
This Gavin-bashing smear campaign is pretty sad.

Agreed. It's still a gob smacking quote.
hero member
Activity: 583
Merit: 500
This Gavin-bashing smear campaign is pretty sad.
sr. member
Activity: 242
Merit: 250
He is not crazy but mentally retarded.
legendary
Activity: 2674
Merit: 2965
Terminated.
I feel like you're trying a bit to undermine Gavin.
If you take a look at the result, you can see that people are really divided when it comes to this. Gavin isn't the only on thinking that it is over.


I don't think that it is over, however looking at the big picture it isn't too far from being over. We've had a number of countries that had problems even before that started. We can see various unemployment charts to see that at least that had improved.

There will always be economic problems somewhere (e.g. Argentina, Greece, Russia) however most of the major economies are stable right now (US, Eurozone except Greece, UK, ..) - this wasn't the case in 2008/2009.

The crisis is over and Bitcoin is the winner - it's all over Wall Street now.
Russia has economic problems?
-snip-
How is retail broadband coming along in Greece?  Ukraine?  Venezuela?  Argentina?  Larger blocks make Bitcoin nodes harder to operate in some of the places where it is needed the most, and where (for purposes of diversity/diffusion/resiliency/defensibility) Bitcoin most needs its nodes to be.

On a side note, now that we know they operate on entirely contradictory premises/assumptions, it's amusing to watch cypherdoc (who nearly everyday proclaims the financial crisis is *not* over) strenuously cheerlead for [email protected] on 20MB blocks, XTortion forks, or whatever the latest crackpot of scheme of [email protected] is.   Smiley
There are not going to be 20 MB blocks. We are going to see 8 MB blocks from 2016 to 2018 which is okay. To download a 8 MB block within 5 minutes (even though blocks should be 10 minutes each) one needs a transfer rate 26.6 KB/s. Are you telling me that those countries don't have such internet speeds? However, bandwidth might be a problem.
Greece has quite decent internet actually, stop talking nonsense.
legendary
Activity: 961
Merit: 1000
Given Bitcoin's origin revelation in the midst of the financial crisis and its Genesis Block timestamp's pointed reference to 'another round of bank bail-outs' this kind of Krugmanesque Happy Talk from the self-appointed CEO of Bitcoin raises many questions.

Quote

How can the financial crisis be over when the BIS and subsidiary TBTF zombie banks still roam the earth, consuming the gains of the living?

How can the financial crisis be over when when Bitcoin has yet to assume its rightful place on the throne next to gold's, as a replacement for the world's various forms of dying fiat trash?

Is it prudent to subordinate Bitcoin's fate to the continued success of petrodollar hegemony in the forms of QE N+1, TARP, TALF, and the FOMC Plunge Protection Team?

While I agree the financial crisis is not over per-se, in context Gavin's quote is just reasoning that businesses are beginning to invest again and bandwidth will become less of a problem. Don't be disingenuous in order to fit your agenda.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Hardly. Read the quote. He's saying big companies will start making investments into infrastructure which will lead to the improved broadband speeds for the consumer. I doubt that has anything to do with Bitcoin's price.

That said, what's the relevance here, icebreaker?

Predicating larger blocks on a putative economic recovery (and subsequent retail broadband explosion) may not be the safest or wisest strategy.

Of all things to base Bitcoin's [future?] magic numbers on, Krugmanesque happy talk about the miracles of Keynesian statism is one of the most bizzarre.

How is retail broadband coming along in Greece?  Ukraine?  Venezuela?  Argentina?  Larger blocks make Bitcoin nodes harder to operate in some of the places where it is needed the most, and where (for purposes of diversity/diffusion/resiliency/defensibility) Bitcoin most needs its nodes to be.

On a side note, now that we know they operate on entirely contradictory premises/assumptions, it's amusing to watch cypherdoc (who nearly everyday proclaims the financial crisis is *not* over) strenuously cheerlead for [email protected] on 20MB blocks, XTortion forks, or whatever the latest crackpot of scheme of [email protected] is.   Smiley
hero member
Activity: 574
Merit: 500
i don't see it ended yet, there is still problem all over the word regarding unemployment, and countries bankruptcy

i still think that we are in a compromised state, and crypto will help us in some way to exit from this fiat disaster
Our currenct fiat currency system has many inherent issues. Once crisis comes out and we find ways to tame it, but never really fix them! Crypto may resolve some of these issues! Who knows, no one really tries to implement crypto concept to our exising system!   
legendary
Activity: 3248
Merit: 1070
i don't see it ended yet, there is still problem all over the word regarding unemployment, and countries bankruptcy

i still think that we are in a compromised state, and crypto will help us in some way to exit from this fiat disaster
legendary
Activity: 1615
Merit: 1000
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Hardly. Read the quote. He's saying big companies will start making investments into infrastructure which will lead to the improved broadband speeds for the consumer. I doubt that has anything to do with Bitcoin's price.

That said, what's the relevance here, icebreaker?
8up
hero member
Activity: 618
Merit: 500
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.
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